Lawyers Title Market Report

Pahrump, NV

Single-Family Homes

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Pahrump, NV

Tue Jul 16 2024
This week the median list price for Pahrump, NV is $425,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 194. Click here to stay informed with the Pahrump market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Pahrump, NV

Tue Jul 16 2024
This week the median list price for Pahrump, NV is $425,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has increased to 194. Click here to stay informed with the Pahrump market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Pahrump market.
Median List Price $425,000
Median Price of New Listings $410,000
Per Square Foot $211
Average Days on Market 87
Median Days on Market 49
Price Decreased 41%
Price Increased 3%
Relisted 8%
Inventory 194
Median Rent
Market Action 39
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$572,450 2,559 0.5 - 1 acre 4 3 18 8 6 45
$459,500 2,098 0.25 - 0.5 acre 3 2.5 6 5 4 73
$399,999 1,975 0.25 - 0.5 acre 3 2 18 7 3 56
$334,900 1,643 0.25 - 0.5 acre 3 2 20 8 5 35